Ethereum Bullish Momentum: Support Holds, Resistance Awaits

Ethereum’s price continues to hold strong above key support levels in the mid-fourth thousands, fueling bullish momentum. Traders are closely monitoring price movements as it oscillates within a consolidative range. The next target for bulls lies around $4.7-$4.8k, where a breakout could lead to new all-time highs. A fall below $3.9k poses potential downside risks, potentially pushing prices toward the $3.5k area.